VANCOUVER, BC, June 26, 2024 /CNW/ - Eskay Mining Corp.
("Eskay") (TSXV: ESK) (OTCQX: ESKYF) and P2 Gold Inc.
("P2") (TSXV: PGLD) (OTCQB: PGLDF) (together, the "Companies")
report that they have agreed, due to market conditions, to
terminate the non-binding letter of intent (the "Letter Agreement")
dated June 4, 2024 pursuant to which
Eskay agreed to acquire P2 in a business combination transaction
(see joint news release of Eskay and P2 dated June 4, 2024).
Concurrently with the execution of the Letter Agreement, the
Companies signed an exploration services agreement (the
"Exploration Agreement") under which P2 agreed to plan and execute
an exploration program on the Eskay-Corey Property for the 2024
exploration season. The Companies have agreed to continue with the
Exploration Agreement and the mobilization of exploration crews to
site this week
About Eskay Mining Corp:
Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed
company, headquartered in Toronto,
Ontario. Eskay is an exploration company focused on the
exploration and development of precious and base metals along the
Eskay rift in a highly prolific region of northwest British Columbia known as the "Golden
Triangle," 70km northwest of Stewart,
BC. Eskay currently holds mineral tenures in this area
comprised of 177 claims (52,600 hectares).
All material information on Eskay may be found on its website at
www.eskaymining.com and on SEDAR+ at www.sedarplus.com.
About P2 Gold Inc.
P2 Gold is a mineral exploration and development company focused
on advancing its gold-copper Gabbs Project on the Walker Lane Trend
in Nevada. A positive preliminary
economic assessment has outlined a long-life, mid-size mine at
Gabbs with annual average
production of 104,000 ounces gold and 13,500 tonnes copper over a
14.2 year mine life.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Information
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements.
In this news release, forward-looking statements relate to,
among other things, statements regarding: the Exploration Agreement
and the 2024 exploration program. These forward-looking statements
are not guarantees of future results and involve risks and
uncertainties that may cause actual results to differ materially
from the potential results discussed in the forward-looking
statements. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
news release concerning these matters.
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content:https://www.prnewswire.com/news-releases/eskay-mining-and-p2-gold-agree-to-terminate-business-combination-and-continue-exploration-services-agreement-302183131.html
SOURCE P2 Gold Inc.